FY2027 Small Area FMR · Lancaster, SC

ZIP 29721 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29721 (Lancaster, SC) is $1,070 a month, up 5.9% from FY2026. That is 0% equal to the Lancaster County, SC area-wide FMR of $1,069.

2-bedroom SAFMR$1,070per month ▲ 5.9%

Area-wide 2 BR FMR$1,069Lancaster County, SC

Rank in the area2ndof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$940▲ 6.8%

1 BR$980▲ 6.5%

2 BR$1,070▲ 5.9%

3 BR$1,470▲ 6.5%

4 BR$1,790▲ 5.9%

FY2027 FY2026

Where 29721 sits in the Lancaster County, SC area

Of the 6 ZIP codes HUD lists for the area, 29721 has the 2nd highest two-bedroom Small Area FMR. Lancaster County, SC is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,069 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$940	$846 – $1,034	$943	$880
1 bedroom	$980	$882 – $1,078	$982	$920
2 bedrooms	$1,070	$963 – $1,177	$1,069	$1,010
3 bedrooms	$1,470	$1,323 – $1,617	$1,466	$1,380
4 bedrooms	$1,790	$1,611 – $1,969	$1,787	$1,690

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $113,900 and the 80% low-income limit for four people is $82,000. ZIP code 29721 lies mainly in Lancaster County. See the Lancaster County, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29720	Lancaster	4.0 mi	$1,010
29714	Fort Lawn	7.6 mi	$1,560
29058	Heath Springs	10.2 mi	$910
29055	Great Falls	11.5 mi	$1,150
29704	Catawba	11.7 mi	$1,370
29729	Richburg	12.8 mi	$1,410

Questions

What is the Fair Market Rent for ZIP code 29721?

HUD's FY2027 Small Area Fair Market Rents for 29721 are $940 (studio), $980 (1 BR), $1,070 (2 BR), $1,470 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 29721?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29721 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29721?

The FY2026 income limits of the Lancaster County, SC area apply: median family income $113,900, low-income (80%) limit $82,000 for a family of four.